Fmr LLC Purchases 1,037,601 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Fmr LLC boosted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,712,779 shares of the company’s stock after buying an additional 1,037,601 shares during the quarter. Fmr LLC owned approximately 0.15% of FirstCash worth $770,627,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mirabella Financial Services LLP acquired a new position in shares of FirstCash during the 3rd quarter worth approximately $2,268,000. Algert Global LLC lifted its stake in FirstCash by 21.8% in the 3rd quarter. Algert Global LLC now owns 12,450 shares of the company’s stock valued at $1,429,000 after purchasing an additional 2,230 shares during the last quarter. Citigroup Inc. grew its holdings in FirstCash by 137.2% during the third quarter. Citigroup Inc. now owns 34,143 shares of the company’s stock worth $3,920,000 after purchasing an additional 19,749 shares during the period. Charles Schwab Investment Management Inc. increased its position in FirstCash by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock worth $57,200,000 after buying an additional 37,810 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in FirstCash by 52.0% in the third quarter. Intech Investment Management LLC now owns 14,845 shares of the company’s stock valued at $1,704,000 after buying an additional 5,081 shares during the period. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

Shares of FirstCash stock opened at $108.67 on Friday. FirstCash Holdings, Inc. has a 1-year low of $101.62 and a 1-year high of $133.64. The company has a market cap of $4.86 billion, a PE ratio of 20.12 and a beta of 0.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $109.96 and a 200-day moving average of $111.99.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 earnings per share. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.38 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.40%. FirstCash’s payout ratio is presently 28.15%.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now directly owns 4,731,869 shares of the company’s stock, valued at approximately $567,540,367.86. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,974 shares of company stock worth $688,080 in the last quarter. 14.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FCFS shares. TD Cowen reduced their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Stephens began coverage on shares of FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective on the stock.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.